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Stock listing by registration passed
Source: Xinhua |
December 10, 2015, Thursday
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Print Edition
Print Edition
AN executive meeting of the State Council, or Cabinet, passed a draft documents on registration-based stock listing yesterday.
The document, once it takes effect, will allow authorities to change the current approval-based stock listing system on the Shanghai and Shenzhen bourses to a registration-based model within two years, said a statement after the meeting chaired by Premier Li Keqiang.
The document still needs to be authorized by the National People's Congress Standing Committee, said the statement.
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